Russia Agricultural Equipment Market and Analysis Report – Opportunities and Forecast 2023-2030
Russia Agricultural Equipment Market Overview
Russia agriculture equipment market is predicted to grow during the forecast period owing to the rapid adoption of modern agricultural equipment by farmers to increase crop yield. As per the FAO, Russia agriculture market has the potential to provide food to two billion people with 220 million hectares land.
Major Russia Agricultural Equipment Market Drivers
Major Russia Agricultural Equipment Market DriversThe market is driven by the mechanization in agriculture sector, high demand for operational efficiency and favourable government initiatives is driving the Russian agriculture equipment market. FAO estimates 20% of the total fertile land captured by Russia. The government is focussed to ensure food security by increasing the agriculture production in Russia. This is expected to increase the demand for Russian modern agriculture equipment to improve productivity. Moreover, growing awareness among farmers to use modern agricultural equipment in Russia.
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Russia government planned to allocate USD 51 billion to boost the agriculture industry locally. The government further set a priority to increase the domestic production of agriculture machinery and providing incentive to manufacturers to raise domestic production to 80% of equipment. Currently, Russia reported 50% of agricultural equipment are produced domestically.
Russia Agriculture Equipment Market scope covers drivers and trends, key market insights, foreign agricultural machinery in Russia, key companies and industry development during 2023-2030.
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Segments covered in the Report:
The Russia Agricultural Equipment Market has been segmented on the basis of Type. Based on the Type the market is segmented into Tractors, Plowing and Cultivating Machinery, Planting Machinery, Harvesting Machinery, Haying and Forage Machinery, Others.
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Report Coverage |
Details |
| Market Revenues (2022) |
USD Million |
| Market Base Year |
2022 |
| Market Forecast Period |
2023-2030 |
| Base Year & Forecast Units |
Revenues (USD Million) |
| Market Segment | By Type |
| Regional Coverage | Russia |
| 25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Russia Agricultural Equipment Market by Type
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- Tractors
- Plowing and Cultivating Machinery
- Planting Machinery
- Harvesting Machinery
- Haying and Forage Machinery
- Others
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